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Updated about 1 hour ago on . Most recent reply
Good Accountant Needed
Hi,
I need to connect with an accountant who truly understands the Short Term Rental industry. I am struggling to understand why my business is losing so much money. My books aren't clean and I am spending hours recategorizing things. Please contact me or point me to your best person. Thank you so much. As appreciation i will upvote your post and anything else I can offer you
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#1 Short-Term & Vacation Rental Discussions Contributor
- Investor
- Greer, SC
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#1 Short-Term & Vacation Rental Discussions Contributor
- Investor
- Greer, SC
To start with put everything in excel. Ad up all your gross income.
Then add up all your expenses.
Subtract the expenses from your income and see if it shows your losing money.
A CPA can also do things like depreciation, but doing the simple math above should give you a very good idea whats going on.